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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
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    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
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    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
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    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
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    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
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    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
    Show AI Summary
    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
    Show AI Summary
    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
    Show AI Summary
    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
    Show AI Summary
    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
    Show AI Summary
    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.

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      PHE Industries Celebrates 25 Glorious Years with the Powerful Expansion of Its Game-Changing Recon Series

      August 25, 2025

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      Faridabad, India | August 2025 PHE Industries Pvt. Ltd., the most trusted name in India when it comes to hydraulic system solutions, celebrates 25 years of innovation, reliability, and unwavering commitment to customer success. PHE started on small beginnings and now serves some of the most essential industries in India. PHE’s journey reflects not just business growth but a deep-rooted mission to power industrial India with cost-effective, precision-driven, and future-ready solutions.

      What began in 2000 as a modest vision by hydraulic expert Mr. Pankaj Srivastava, has today evolved into a national leader making industrial systems reliable, cost-efficient, and future-ready. Today, the company is best known for its industry-leading Recon Series reconditioned hydraulic pumps and motors that offer OEM-grade performance at a fraction of the cost.

      “We don’t just repair machines. We revive entire systems, industries, and confidence,” says Mr. Srivastava. “Our goal from day one has been to provide precision engineering without compromise and our 25-year journey is proof of that commitment.” The Recon Series: Revolutionizing Industrial Hydraulics In a capital-intensive industrial environment where uptime is mission-critical, PHE’s Recon Hydraulic Units have emerged as a preferred choice for cost-effective, high-performance hydraulic solutions.

      Previously viewed as a last-resort solution, reconditioned hydraulic systems are now a strategic advantage and PHE is proudly leading this transformation.

      The Recon Series offers reconditioned pumps and motors that are equal to the specifications of the OEM in specifications; its advantages are far beyond cost savings.

      Key Advantages of PHE’s Recon Units: ●Cost-Effective Performance: Nearly 50–60% more affordable than new imports without compromising on output.

      ●Quick Turnaround: Emergency-fit units help industries avoid prolonged downtime.

      ●Environmentally Conscious: Reconditioning promotes sustainability by extending equipment lifecycle and reducing industrial waste.

      ●Quality Without Compromise: Every unit is rebuilt using genuine components from global brands like Danfoss, Parker, Rexroth, Eaton, Linde, ensuring dependability and long-term durability.

      Engineering Precision You Can Trust Every Recon unit has its second life started by total dismantling and inspection and then it is reassembled with only certified OEM parts. It is handled by well trained technicians of PHE's own hydraulic institute and the units are also thoroughly tested on fully equipped state-of-the-art test benches located at Faridabad and Mumbai.

      To ensure complete transparency, clients also receive detailed test reports and operational videos, ensuring complete transparency and confidence.

      25 Years of Impact Across Critical Industries PHE’s reconditioned units now form the backbone of hydraulic systems across India’s most critical sectors: ● Marine and Port Operations ● Construction & Earthmoving Equipment ● Steel Plants & Manufacturing Units ● Railways, Defence, Oil & Gas The company’s client list includes top organizations like ONGC, DP World, Northern Railways, Sanghvi Movers, and Daryaa Shipping, among others.

      “In sectors where a single hour of downtime can cost lakhs, PHE’s Recon units ensure rapid replacements with reliable results,” says Mr. Srivastava.

      Expansion of Recon for HDD and Port Cranes: A National Milestone This July, PHE proudly expanded its Recon Series to cover Horizontal Directional Drilling (HDD) machines ranging from 30 to 800 tonnes, and heavy-lift port cranes up to 800 tonnes. This move makes PHE the first Indian company to provide OEM-standard reconditioned hydraulic units for such high-tonnage applications at scale.

      “We’re not just filling a gap, we're redefining expectations,” said Mr. Srivastava. “Recon is engineered for heavy-duty reliability without the price tag or waiting period of imports.” This expansion is poised to: ● Cut project delays in India’s infrastructure development ● Reduce dependency on imported equipment ● Support the ‘Make in India’ and Atmanirbhar Bharat visions Powered by Purpose: Training the Next Generation At the heart of PHE’s operational philosophy is the PHE Institute of Hydraulics, an in-house training center dedicated to upskilling technicians and engineers. By offering real-world training, failure diagnostics, and advanced system insights, the institute is building self-reliance and reducing foreign dependency.

      Why the PHE Institute matters: ● Hands-on curriculum based on real scenarios ● Failure analysis and preventive engineering practices ● Producing talent that reduces dependency on foreign expertise “With every engineer we train, we don’t just build skill, we build self-reliance,” adds Mr. Srivastava.

      An Ecosystem Built for Excellence In addition to Recon, PHE Industries has a highly complementary ecosystem that allows end-to-end scope of service delivery: ●PHE Industries Pvt. Ltd.: Parent company that performs hydraulic reconditioning, AMC services, on-site support and the sale of genuine parts.

      ●Suyojan Precision Engineers LLP: A specialized partner focused on hydraulic design and system integration.

      ●PHE Institute of Hydraulics: Training division preparing India’s hydraulic workforce.

      This ecosystem allows PHE to provide end-to-end, scalable, and reliable hydraulic solutions under one brand.

      Setting the Standard with Global Partnerships PHE’s commitment to genuine quality is reflected in its long-standing partnerships with leading global component manufacturers. These include: ●Danfoss ●Linde ●Eaton ●Rexroth ●Parker ●Bondioli & Pavesi This rigorous quality discipline ensures that every PHE-rebuilt unit is built to outlast and outperform a key reason behind its long-term client retention.

      Future-Ready: The Next 25 Years As PHE celebrates its silver jubilee, it also lays out a bold roadmap for the future: ● Pan-India AMC network for uninterrupted hydraulic services ● Expansion into international markets (UAE, Africa) ● Deeper digital presence through Google profiling, podcast appearances, and leadership content ● Strategic partnerships in ports, marine, and defense sectors “India has the potential to lead the world in affordable, high-quality hydraulic reconditioning. PHE is ready to lead that charge,” says Mr Srivastava.

      About PHE Industries Pvt. Ltd.

      Established in 2000, PHE Industries Pvt. Ltd. is India's best hydraulic system solutions and service provider in high performance reconditioning, repairs and maintenance of hydraulic pumps, motors and valves. PHE has 25 years of proven trusted service, a national presence, and has unparalleled ability to deliver on its promise of providing quality products and service. PHE remains the supplier of choice to industries where performance, precision and progress are paramount.

      From reconditioning to readiness, PHE stands for trust, transparency, and transformation.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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